5. Reliance Multi-Cap Fund-Direct Plan Growth:-This fund also launch on 1 Feb 2013, and in last 5 years, this fund gives 138.20% absolute returns. Asset Size more than 10,000 cr.

FAQ:-I knew after reading the above schemes name you may want to ask this question:-

Mr. Kaushik last year I read your article about top mutual funds and ELSS from this link:-top funds 2017 that time you recommended 3 mutual funds schemes:-

HDFC Equity Fund (G)

ICICI Pru Value Discovery Fund (G)Franklin India Prima Plus (G)

And I am making a SIP in all of them, now what to do? because in your new list I do not find ICICI Pru Value Discovery Fund (G) and Franklin India Prima Plus (G) so what can I do? Can I need to shift these funds with new schemes?

My Reply:-Franklin India Prima Plus change its name to Franklin India Equity Fund, so you do not need to shift this fund.ICICI Pru Value Discovery Fund (G) gives 178.40% absolute returns in the last 5 years but due mutual funds new classifications rules this fund going to value fund category. So you no need to shift any earlier fund to new fund simply start 3 new SIP's in above ABSL, Kotak, Reliance fund schemes to diversify your investments.

1. Axis Long Term Equity Fund-Direct Plan G:-Asset size more than 10,000 cr.

In the last 5 year absolute return:-198.90%, ELSS always give more return in comparison to other diversified open-ended multi-cap funds because ELSS have a lock-in period of 3 years and due to this 3 Years lock in fund manager not faced redemption pressure from fearful investors.

So in my verdict, if your total income is taxable and your total saving not crossed 80 C limit of 150000, then you may go with ELSS because initially you save your 5%, 20% 30% income tax in ELSS and in long-term you get more returns in comparison to regular multi-cap mutual funds.

Now your time share your view, questions and thoughts in comments I try my best to reply you.

Regards

Happy Investing

Suggested Reading: -Top Islamic Mutual Funds In IndiaFor Long-Term Stock Market Tips:-Multibagger StocksDiscloser:- My wife hold units of Axis Long Term Equity Fund and I am holding units of HDFC equity fund, so my personal investment and personal interest are included in above 2 funds, author of this article is a SEBI registered research analyst but not registered as a mutual fund advisor. So before investing please consult with a registered mutual fund advisor. Mutual funds investments are subject to market risk, please read offer documents carefully.

Disclaimer:-

Mutual fund investments are subject to market risk read offer documents carefully and consult your investment adviser before investing. Author is not a registered mutual fund adviser and does not give mutual fund or stock investment advice. Author is also an investor and mostly invests in same line which discuss here. Subject to pindwara (India) jurisdiction only.

About Me

Mahesh Chander Kaushik is working in Rajasthan government as TRA. He has multiple talent in field of Health care, Beauty, Stock market and revenue law. He is a revenue law expert and fundamental analyst of stock market. He is also famous for his alternative health care blog POPATI. He his a beauty and laser hair removal specialist.